Showing posts with label Infusion Pump Market. Show all posts
Showing posts with label Infusion Pump Market. Show all posts

Friday, May 15, 2026

Global Infusion Pump Market Expected to Grow to $28.3 Billion by 2030

 The report "Infusion Pump Market by Product (Accessories (Dedicated, Non-dedicated), Devices (Insulin, Syringe, Volumetric, Enteral, PCA Pump)), Technology (Traditional, Specialty), Mode (Stationary, Portable), Application (Cancer, Diabetes) - Global Forecast to 2030", is projected to reach USD 28.3 billion by 2030 from USD 19.9 billion in 2025, growing at a CAGR of 7.4%.

 
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Browse
  • 608   Market Data Tables
  • 86     Figures
  • 582   Pages and in-depth TOC on " Infusion Pump Market - Global Forecast to 2030”
Some of the prominent key players are:
  • Becton, Dickinson and Company (US),
  • Baxter International Inc. (US),
  • B. Braun Melsungen AG (Germany),
  • Terumo Corporation (Japan),
  • NIPRO (Japan),
  • Fresenius Kabi (Germany), 
  • ICU Medical, Inc. (US). and many more.......
 
Mergers & acquisitions, investments & expansions, partnerships & collaborations, and new product developments are some of the major strategies adopted by these key players to enhance their positions in the Infusion Pump Market.

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  • Based on products, The devices segment of the infusion pump market held the largest share in 2024 because infusion pumps are widely used in hospitals, clinics, and homecare for precise and controlled drug delivery. The rise in chronic diseases, more surgical procedures, and the increasing adoption of advanced, smart, and portable pumps have further boosted demand.
  • Based on type, the accessories & consumables segment accounted for a larger market share in 2024. The substantial market share attributed to infusion pump disposables is primarily linked to their critical role in ensuring safe and effective medication administration through recurrent use. This category encompasses essential components such as infusion sets, catheters, tubing, and connectors, all of which are single-use items that require regular replacement to maintain patient safety and minimize infection risk.
  • Based on applications, The rapid expansion of the diabetes management segment is primarily driven by the increasing prevalence of diabetes, alongside significant technological advancements in infusion pump devices, notably insulin pumps. A key factor propelling this segment forward is the emergence of sophisticated insulin delivery systems, specifically hybrid closed-loop systems, commonly referred to as artificial pancreas devices.
  • Geographically, the infusion pumps market is segmented into North America, Europe, APAC, Latin America, and the Middle East & Africa. In 2024, North America emerged as the dominant player in the infusion pump market, primarily driven by substantial healthcare expenditures in the US.
Infusion pumps are medical devices used to deliver controlled amounts of fluids, such as nutrients and medications, into a patient’s body. The market growth is driven by the rising prevalence of chronic diseases such as diabetes and cancer, increasing demand for advanced drug delivery systems, and growing adoption of ambulatory and homecare settings. Furthermore, technological advancements in smart infusion systems and supportive regulatory frameworks promoting patient safety are expected to boost market expansion during the forecast period.
 
The market is expected to experience significant growth over the next decade, driven by increasing healthcare demands, technological progress, and the rising need for precise drug delivery systems. Infusion pumps are being adopted more widely because of their ability to deliver controlled and accurate doses, making them essential for managing chronic diseases, oncology treatments, and pain management. The move toward home healthcare, along with the integration of smart, connected pump technologies, further boosts their importance in enhancing patient safety and treatment results. With a growing global patient population and a focus on advanced care solutions, infusion pumps are poised to play a key role in modern healthcare delivery.

Wednesday, April 24, 2024

Infusion Pump Market Trends: Innovations Shaping the Future of Medical Treatment

 The growing number of surgeries performed, and rising prevalence of chronic diseases are some factors that provide key opportunities for key players in the market. However, product recalls by some major players, and stringent regulations on manufacture of infusion pumps are expected to challenge/restrain the growth of the market.

The report Infusion Pump Market size is 17.1 billion for 2023 and is projected to reach USD 26.2 billion by 2029, at a CAGR of 7.3% during the forecast period.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=90374506

KEY MARKET DYNAMICS

           1 MARKET DRIVERS

                    1 Rising demand for ambulatory infusion pumps in home care settings

                    2 Increasing incidence of chronic diseases along with rapid growth in geriatric population

                    3 Growing number of surgical procedures performed     

           2 MARKET RESTRAINTS

                    1 Product recalls

                    2 Stringent regulatory requirements for new products

                    3 Increasing adoption of refurbished and rental infusion pumps

           3 MARKET OPPORTUNITIES

                    1 High growth opportunities in emerging countries

                    2 Growing adoption of specialty infusion systems

           4 MARKET CHALLENGES

                    1 Increasing incidence of medication errors and lack of wireless connectivity in most hospitals              

Market Segmentation:

In 2022, the market for dedicated accessories and consumables accounted for the largest share and was also the faster growing segment of the infusion pump accessories and consumables market. This segment is mainly driven by the requirement of compatible administration sets designed for a particular type of infusion pump by the manufacturer to ensure optimum results of dedicated accessories.

Out of the dedicated accessories and consumables market in 2022, the volumetric infusion pump accessories and consumables segment accounted for the largest share. High adoption of volumetric infusion pumps and related accessories in hospitals for the purpose of delivering large volumes of medications and nutrients to patients is pushing the market forward.

Regional Analysis

The infusion pump market is segmented into five major regions, namely, Europe, North America, Latin America, the Middle East and Africa, and Asia Pacific (APAC). Asia Pacific attributes to the highest growth rate amongst the other regions during the forecast period. The rapid infrastructure growth, increase in disposable incomes, and increase incidences of chronic diseases are factors which are likely to support the growth of infusion pump market in the region. The emerging Asian countries, such as China, and India, offer significant growth opportunities for market players.

Recent Developments of the Infusion Industry

  • In August 2023, ICU Medical, Inc. (US) received FDA clearance for its Plum Duo infusion pump, which will make it available for customers in the US in early 2024.
  • In April 2023, Fresenius Kabi (Germany) announced that its Ivenix Infusion System has received an Innovative Technology contract from Vizient, Inc. (US), which sets terms for hospitals to evaluate and purchase the Ivenix Infusion System.
  • In August 2022, Becton Dickinson and Company (US)’s Novum IQ Syringe Infusion Pump received FDA approval.
  • In March 2022, Freseniu kabi (Germany) received US FDA approval for the wireless Agilia Connect Infusion System, which includes the Agilia Volumetric Pump and the Agilia Syringe Pump with Vigilant Software Suite-Vigilant Master Med technology.
  • In January 2022, ICU Medical, inc. (US) acquired Smiths Medical, inc. (US) to increase its share in the infusion pump market by adding syringe and ambulatory pumps to its portfolio.

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Top Key Players:

The key players in the infusion pump market Becton, Dickinson and Company (US), Baxter International, Inc. (US), and B. Braun Melsungen AG (Germany). These companies adopted strategies such as product launches, collaborations, partnerships, and acquisitions to strengthen their presence in the market.

 

Wednesday, April 17, 2024

Revolutionizing Healthcare: The Rapidly Evolving Infusion Pump Market

 The growing number of surgeries performed, and rising prevalence of chronic diseases are some factors that provide key opportunities for key players in the market. However, product recalls by some major players, and stringent regulations on manufacture of infusion pumps are expected to challenge/restrain the growth of the market.

The report Infusion Pump Market size is 17.1 billion for 2023 and is projected to reach USD 26.2 billion by 2029, at a CAGR of 7.3% during the forecast period.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=90374506

KEY MARKET DYNAMICS

           1 MARKET DRIVERS

                    1 Rising demand for ambulatory infusion pumps in home care settings

                    2 Increasing incidence of chronic diseases along with rapid growth in geriatric population

                    3 Growing number of surgical procedures performed     

           2 MARKET RESTRAINTS

                    1 Product recalls

                    2 Stringent regulatory requirements for new products

                    3 Increasing adoption of refurbished and rental infusion pumps

           3 MARKET OPPORTUNITIES

                    1 High growth opportunities in emerging countries

                    2 Growing adoption of specialty infusion systems

           4 MARKET CHALLENGES

                    1 Increasing incidence of medication errors and lack of wireless connectivity in most hospitals              

Market Segmentation:

In 2022, the market for dedicated accessories and consumables accounted for the largest share and was also the faster growing segment of the infusion pump accessories and consumables market. This segment is mainly driven by the requirement of compatible administration sets designed for a particular type of infusion pump by the manufacturer to ensure optimum results of dedicated accessories.

Out of the dedicated accessories and consumables market in 2022, the volumetric infusion pump accessories and consumables segment accounted for the largest share. High adoption of volumetric infusion pumps and related accessories in hospitals for the purpose of delivering large volumes of medications and nutrients to patients is pushing the market forward.

Regional Analysis

The infusion pump market is segmented into five major regions, namely, Europe, North America, Latin America, the Middle East and Africa, and Asia Pacific (APAC). Asia Pacific attributes to the highest growth rate amongst the other regions during the forecast period. The rapid infrastructure growth, increase in disposable incomes, and increase incidences of chronic diseases are factors which are likely to support the growth of infusion pump market in the region. The emerging Asian countries, such as China, and India, offer significant growth opportunities for market players.

Recent Developments of the Infusion Industry

  • In August 2023, ICU Medical, Inc. (US) received FDA clearance for its Plum Duo infusion pump, which will make it available for customers in the US in early 2024.
  • In April 2023, Fresenius Kabi (Germany) announced that its Ivenix Infusion System has received an Innovative Technology contract from Vizient, Inc. (US), which sets terms for hospitals to evaluate and purchase the Ivenix Infusion System.
  • In August 2022, Becton Dickinson and Company (US)’s Novum IQ Syringe Infusion Pump received FDA approval.
  • In March 2022, Freseniu kabi (Germany) received US FDA approval for the wireless Agilia Connect Infusion System, which includes the Agilia Volumetric Pump and the Agilia Syringe Pump with Vigilant Software Suite-Vigilant Master Med technology.
  • In January 2022, ICU Medical, inc. (US) acquired Smiths Medical, inc. (US) to increase its share in the infusion pump market by adding syringe and ambulatory pumps to its portfolio.

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Top Key Players:

The key players in the infusion pump market Becton, Dickinson and Company (US), Baxter International, Inc. (US), and B. Braun Melsungen AG (Germany). These companies adopted strategies such as product launches, collaborations, partnerships, and acquisitions to strengthen their presence in the market.

Wednesday, November 1, 2023

Infusion Pump Market: Growing adoption of specialty infusion systems

 The adoption of several specialty infusion pumps is on the rise globally. Patient-controlled analgesia (PCA) pumps, enteral pumps, insulin pumps, and implantable infusion pumps are the different types of specialty infusion pumps available in the market. PCA pumps induce anesthesia in a controlled manner and reduce the complications associated with anesthetics. These pumps are also widely used for pain management during labor pain and chronic diseases. Enteral infusion pumps are imperative medical tools for patients who face difficulties caused by indigestion due to recent surgeries or functional inabilities of various digestive organs. The increasing incidence of preterm births, the shift from parenteral to enteral nutrition, and the rising prevalence of chronic diseases have increased the adoption of enteral infusion pumps.

The global Infusion pumps market is projected to reach USD 20.5 billion by 2027, at a CAGR of 7.0 % during the forecast period. 

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=90374506

KEY MARKET DYNAMICS

           1 MARKET DRIVERS

                    1 Rising demand for ambulatory infusion pumps in home care settings

                    2 Increasing incidence of chronic diseases along with rapid growth in geriatric population

                    3 Growing number of surgical procedures performed     

           2 MARKET RESTRAINTS

                    1 Product recalls

                    2 Stringent regulatory requirements for new products

                    3 Increasing adoption of refurbished and rental infusion pumps

           3 MARKET OPPORTUNITIES

                    1 High growth opportunities in emerging countries

                    2 Growing adoption of specialty infusion systems

           4 MARKET CHALLENGES

                    1 Increasing incidence of medication errors and lack of wireless connectivity in most hospitals              

Market Segmentation:

The accessories & consumables segment is estimated to grow at the highest CAGR during the forecast period. The large share and high growth of this segment can be attributed to the recurrent use of accessories & consumables and the increasing adoption of infusion pumps for the delivery of medications in a controlled environment.

Based on application the chemotherapy/oncology application segment accounted for the largest share of the market in 2020. The large share of this segment can be attributed to the growing incidence of cancer, increasing availability of ambulatory infusion pumps for chemotherapy, and the introduction of technologically advanced products in the market.

Based on setting, the infusion pumps market has been segmented into hospitals, home care settings, ambulatory care settings, and academic & research institutes. The home care setting segment accounted for the largest share of the market in 2020.

Regional Analysis

Geographically, the infusion pumps market is segmented into North America, Europe, APAC, Latin America, and the Middle East & Africa. In 2020, North America accounted for the largest share of the global market, followed by Europe and the APAC.

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Recent Developments:

·         In August 2022, Baxter International (US) has received US FDA approval for the new Novum IQ Syringe Infusion Pump (SYR) with Dose IQ Safety Software.

·         In July 2022, Tandem Diabetes care (US) has acquired infusion set developer, Capillary Biomedical (US). This has expanded the product portfolio of Tandem Diabetes Care in infusion pump business segment.

·         In March 2022, Fresenius Kabi (Germany) has received US FDA approval for the wireless Agilia Connect Infusion System, which includes the Agilia Volumetric Pump and the Agilia Syringe Pump with Vigilant Software Suite-Vigilant Master Med technology.

Top Key Players:

The infusion pumps market is dominated by Becton, Dickinson and Company (US), Baxter International Inc. (US), B. Braun (Germany), Smiths Medical (US), Fresenius Kabi (Germany), and ICU Medical, Inc. (US). These players adopted major growth strategies such as product launches & approvals, collaborations, and expansions.

 

Friday, September 8, 2023

Infusion Pump Market: Growing adoption of specialty infusion systems

 The adoption of several specialty infusion pumps is on the rise globally. Patient-controlled analgesia (PCA) pumps, enteral pumps, insulin pumps, and implantable infusion pumps are the different types of specialty infusion pumps available in the market. PCA pumps induce anesthesia in a controlled manner and reduce the complications associated with anesthetics. These pumps are also widely used for pain management during labor pain and chronic diseases. Enteral infusion pumps are imperative medical tools for patients who face difficulties caused by indigestion due to recent surgeries or functional inabilities of various digestive organs. The increasing incidence of preterm births, the shift from parenteral to enteral nutrition, and the rising prevalence of chronic diseases have increased the adoption of enteral infusion pumps.

The global Infusion pumps market is projected to reach USD 20.5 billion by 2027, at a CAGR of 7.0 % during the forecast period. 

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=90374506

KEY MARKET DYNAMICS

           1 MARKET DRIVERS

                    1 Rising demand for ambulatory infusion pumps in home care settings

                    2 Increasing incidence of chronic diseases along with rapid growth in geriatric population

                    3 Growing number of surgical procedures performed     

           2 MARKET RESTRAINTS

                    1 Product recalls

                    2 Stringent regulatory requirements for new products

                    3 Increasing adoption of refurbished and rental infusion pumps

           3 MARKET OPPORTUNITIES

                    1 High growth opportunities in emerging countries

                    2 Growing adoption of specialty infusion systems

           4 MARKET CHALLENGES

                    1 Increasing incidence of medication errors and lack of wireless connectivity in most hospitals              

Market Segmentation:

The accessories & consumables segment is estimated to grow at the highest CAGR during the forecast period. The large share and high growth of this segment can be attributed to the recurrent use of accessories & consumables and the increasing adoption of infusion pumps for the delivery of medications in a controlled environment.

Based on application the chemotherapy/oncology application segment accounted for the largest share of the market in 2020. The large share of this segment can be attributed to the growing incidence of cancer, increasing availability of ambulatory infusion pumps for chemotherapy, and the introduction of technologically advanced products in the market.

Based on setting, the infusion pumps market has been segmented into hospitals, home care settings, ambulatory care settings, and academic & research institutes. The home care setting segment accounted for the largest share of the market in 2020.

Regional Analysis

Geographically, the infusion pumps market is segmented into North America, Europe, APAC, Latin America, and the Middle East & Africa. In 2020, North America accounted for the largest share of the global market, followed by Europe and the APAC.

1. North America:

  • United States: The largest market in North America with a high demand for advanced medical devices. Regulatory bodies like the FDA closely monitor product approvals and safety.
  • Canada: A growing market with increasing healthcare expenditure, particularly in provinces like Ontario and Quebec.

2. Europe:

  • Western Europe: Strong healthcare infrastructure and demand for high-quality medical equipment. Key markets include Germany, France, and the UK.
  • Eastern Europe: Emerging markets with growing healthcare budgets. Poland and Hungary are notable examples.

3. Asia-Pacific:

  • China: A rapidly expanding market due to its large population and increasing healthcare spending. However, the regulatory environment can be challenging.
  • India: A market with significant growth potential as healthcare access improves and the middle class expands.
  • Japan: A mature market with a focus on advanced medical technology and a rapidly aging population.

4. Latin America:

  • Brazil: The largest market in the region, with a growing demand for medical devices driven by a developing healthcare sector.
  • Mexico: Another significant market with increasing healthcare investment.

5. Middle East and Africa (MEA):

  • Gulf Cooperation Council (GCC) countries: High healthcare spending and a demand for advanced medical technology. The UAE, Saudi Arabia, and Qatar are key markets.
  • South Africa: The most developed market in Africa, with a growing healthcare sector.

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Recent Developments:

·         In August 2022, Baxter International (US) has received US FDA approval for the new Novum IQ Syringe Infusion Pump (SYR) with Dose IQ Safety Software.

·         In July 2022, Tandem Diabetes care (US) has acquired infusion set developer, Capillary Biomedical (US). This has expanded the product portfolio of Tandem Diabetes Care in infusion pump business segment.

·         In March 2022, Fresenius Kabi (Germany) has received US FDA approval for the wireless Agilia Connect Infusion System, which includes the Agilia Volumetric Pump and the Agilia Syringe Pump with Vigilant Software Suite-Vigilant Master Med technology.

Top Key Players:

The infusion pumps market is dominated by Becton, Dickinson and Company (US), Baxter International Inc. (US), B. Braun (Germany), Smiths Medical (US), Fresenius Kabi (Germany), and ICU Medical, Inc. (US). These players adopted major growth strategies such as product launches & approvals, collaborations, and expansions.

 

Monday, August 7, 2023

Infusion Pump Market Growth: Unveiling Opportunities and Challenges Ahead

 The adoption of several specialty infusion pumps is on the rise globally. Patient-controlled analgesia (PCA) pumps, enteral pumps, insulin pumps, and implantable infusion pumps are the different types of specialty infusion pumps available in the market. PCA pumps induce anesthesia in a controlled manner and reduce the complications associated with anesthetics. These pumps are also widely used for pain management during labor pain and chronic diseases. Enteral infusion pumps are imperative medical tools for patients who face difficulties caused by indigestion due to recent surgeries or functional inabilities of various digestive organs. The increasing incidence of preterm births, the shift from parenteral to enteral nutrition, and the rising prevalence of chronic diseases have increased the adoption of enteral infusion pumps.

The global Infusion pumps market is projected to reach USD 20.5 billion by 2027, at a CAGR of 7.0 % during the forecast period. 

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=90374506

KEY MARKET DYNAMICS

           1 MARKET DRIVERS

                    1 Rising demand for ambulatory infusion pumps in home care settings

                    2 Increasing incidence of chronic diseases along with rapid growth in geriatric population

                    3 Growing number of surgical procedures performed     

           2 MARKET RESTRAINTS

                    1 Product recalls

                    2 Stringent regulatory requirements for new products

                    3 Increasing adoption of refurbished and rental infusion pumps

           3 MARKET OPPORTUNITIES

                    1 High growth opportunities in emerging countries

                    2 Growing adoption of specialty infusion systems

           4 MARKET CHALLENGES

                    1 Increasing incidence of medication errors and lack of wireless connectivity in most hospitals              

Market Segmentation:

The accessories & consumables segment is estimated to grow at the highest CAGR during the forecast period. The large share and high growth of this segment can be attributed to the recurrent use of accessories & consumables and the increasing adoption of infusion pumps for the delivery of medications in a controlled environment.

Based on application the chemotherapy/oncology application segment accounted for the largest share of the market in 2020. The large share of this segment can be attributed to the growing incidence of cancer, increasing availability of ambulatory infusion pumps for chemotherapy, and the introduction of technologically advanced products in the market.

Based on setting, the infusion pumps market has been segmented into hospitals, home care settings, ambulatory care settings, and academic & research institutes. The home care setting segment accounted for the largest share of the market in 2020.

Regional Analysis

Geographically, the infusion pumps market is segmented into North America, Europe, APAC, Latin America, and the Middle East & Africa. In 2020, North America accounted for the largest share of the global market, followed by Europe and the APAC. The large share of North America can primarily be attributed to the high adoption of specialty infusion pumps for the treatment of chronic diseases, increasing prevalence of chronic diseases, rising geriatric population, and the presence of many large hospitals in the region. Moreover, a large number of major global players are based in the US, owing to which the US is a center for innovation in the market.

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Recent Developments:

In August 2022, Baxter International (US) has received US FDA approval for the new Novum IQ Syringe Infusion Pump (SYR) with Dose IQ Safety Software.

In July 2022, Tandem Diabetes care (US) has acquired infusion set developer, Capillary Biomedical (US). This has expanded the product portfolio of Tandem Diabetes Care in infusion pump business segment.

In March 2022, Fresenius Kabi (Germany) has received US FDA approval for the wireless Agilia Connect Infusion System, which includes the Agilia Volumetric Pump and the Agilia Syringe Pump with Vigilant Software Suite-Vigilant Master Med technology.

Top Key Players:

The infusion pumps market is dominated by Becton, Dickinson and Company (US), Baxter International Inc. (US), B. Braun (Germany), Smiths Medical (US), Fresenius Kabi (Germany), and ICU Medical, Inc. (US). These players adopted major growth strategies such as product launches & approvals, collaborations, and expansions. Other prominent players in the market include Terumo Corporation (Japan), Nipro Corporation (Japan), Avanos Medical, Inc. (US), Tandem Diabetes Care, Inc. (US), JMS Co., Ltd. (Japan), Insulet Corporation (US), Roche Diagnostics (Switzerland), Zyno Medical (US), Teleflex, Inc. (US), Mindray Medical International Limited (China), Micrel Medical Devices SA (Greece), Ypsomed Holding AG (Switzerland), InfuTronix Solutions LLC (US), SOOIL Development Co., Ltd (South Korea), Shenzhen MedRena Biotech Co., Ltd. (China), and CODAN Medizinische Geräte GmbH & Co KG (Germany).

Tuesday, January 31, 2023

Infusion Pump Market Current Progress, Growth Drivers, challenges, and Future Development

 Infusion Pump Market growth is driven by a rising demand for ambulatory infusion pumps in home care, increasing incidence of chronic diseases along with the rapid growth of the geriatric population, and growing number of surgical procedures performed. However, factors such as product recalls, stringent regulatory requirements for new products and increasing adoption of refurbished and rental infusion pumps may restrain market growth to a certain extent during the forecast period.

Currently, Infusion Pump Market is growing at a Compound Annual Growth Rate (CAGR) of 7.0% to reach USD 20.5 billion by 2027. An infusion system consists of a pump (device) and associated disposables for delivering fluids, such as nutrients and medications, into a patient’s body in controlled amounts. These devices are efficiently used for infusion through several routes of administration, such as intravenous, epidural, arterial, subcutaneous, peritoneal, enteral, and intrathecal. They enable the delivery of solutions in a predetermined and controlled manner and are thus helpful in managing chronic diseases and associated pain.

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Growth Drivers

  • Rising demand for ambulatory infusion pumps in home care settings
  • Increasing incidence of chronic diseases along with rapid growth in geriatric population
  • Growing number of surgical procedures performed

Growth Opportunities

  • High growth opportunities in emerging countries
  • Growing adoption of specialty infusion systems

Challenges

  • Increasing incidence of medication errors and lack of wireless connectivity in most hospitals

Trends

  • Smart pump-emr interoperability
  • Growing focus on development of hybrid closed-loop systems/artificial pancreas device systems.
  • Growing focus on specialty pumps and added advanced features.

 

The prominent players operating in the Infusion Pump Market are

 

Becton, Dickinson and Company (US), Baxter International (US), B. Braun Melsungen AG (Germany), ICU Medical (US), Fresenius Kabi (Germany), and Medtronic plc (Ireland),

 

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North America is expected to exhibit the highest growth during the forecast period

  • Increasing prevalence of chronic diseases such as obesity, heart disease, diabetes, and other chronic diseases
  • Rising geriatric population,
  • Increasing investment by major market players

Recent Developments

  • In August 2022, Baxter International (US) has received US FDA approval for the new Novum IQ Syringe Infusion Pump (SYR) with Dose IQ Safety Software.
  • In July 2022, Tandem Diabetes care (US) has acquired infusion set developer, Capillary Biomedical (US). This has expanded the product portfolio of Tandem Diabetes Care in infusion pump business segment.
  • In March 2022, Fresenius Kabi (Germany) has received US FDA approval for the wireless Agilia Connect Infusion System, which includes the Agilia Volumetric Pump and the Agilia Syringe Pump with Vigilant Software Suite-Vigilant Master Med technology.

 

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